Norwegian Air Shuttle said it raised NOK1.3 billion ($168 million) in a private share placement as the LCC pushes ahead with its expansion amid rising fuel prices and currency effects, which are making for a “challenging” first quarter. Norwegian has been shaking up the transatlantic travel market, using its rapidly growing fleet to launch new destinations and challenge legacy carriers on an important section of their networks with cheap tickets. But on March 20, the LCC warned ...

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